OVERVIEW

The purpose of the course is providing the students with a basic knowledge of Behavioural Finance, a recent research field interpreting the individuals choices under uncertainty, on the basis of the cognitive psychological processes, instead of the foundations of orthodox economic theory

The students are kindly requested to register in the section "Annunci", where all the communications concering the course will be included, so that you will receive automatically by mail any communication concerning the course.

The section "Annunci" will also contain additional teaching material that may be included in extra exam questions, so that the final mark will be given by the 30 points for the conventioanl questions plus 3-4 points given by "bonu" extra questions. 

AIMS AND CONTENT

LEARNING OUTCOMES

The course is meant to enrich the students’ knowledges with some distinguishing features of the behaviour of financial investors under uncertainty, according to the Behavioural Finance approach, based on cognitive processes, that provides a fundamental skill to financial investors and financial managers of industrial or commercial enterprises.

AIMS AND LEARNING OUTCOMES

The approach of Behavioural Finance will be analyzed by studying in detail some specific analytica features of extreme interest for financial investors an finance managers of industrial and commercial firms. 

PREREQUISITES

There are no specific prerequisites for the course.

TEACHING METHODS

The teaching methods consist of lectures, with discussions in the class, where the students may obtain extra "bonus" marks valid for the esam.

Students with disabilities, with SLD or with SEN are reminded that, to request exam accommodations, they must first upload their certification to the University website at servizionline.unige.it<https://servizionline.unige.it/>, in the “Students” section. The documentation will be checked by the University’s Services for the Inclusion of Students with Disabilities and with SLD.

At the beginning of the course, students are advised to contact the lecturer to agree on exam arrangements which, while respecting the learning objectives of the course, take individual learning needs into account.

To request compensatory tools or dispensatory measures, students with disabilities or SLD must fill in the dedicated Webform available athttps://unige.it/disabilita-dsa, at least 7 working days before the exam.

Students with SEN may instead send their request by e-mail to the lecturer, copying the Department Representative, Prof. Elena Lagomarsino, at inclusione.economia@unige.it<mailto:inclusione.economia@unige.it>, and the Inclusion Office ati nclusione.studenti@info.unige.it<mailto:inclusione.studenti@info.unige.it>.

Requests from students will be assessed by the lecturer and may be approved or rejected.

SYLLABUS/CONTENT

Anomalies in financial markets. 

Anomalies discount factors.

Speculative bubbles. 

Equity premium puzzle.

Incorporation

RECOMMENDED READING/BIBLIOGRAPHY

• Forbes, W., (2009), “Behavioural Finance”, Chichester, UK, John Wiley & sons, chapters. 2, 3 (excepting section 3.2.2 and the appendix) ,5, 13 (excepting sections 13.1, 13.2, 13.2.1, 13.3.1, 13.3.2), 14.
• Notes edited by the teacher (that will be available AND downloadable from “AulaWeb”) in the section called “Annunci”.

• The section "Annunci" will contain additional teaching material that may be included in extra exam questions that will grant extra points, so that the final mark will be given by the 30 points for the conventioanl questions plus 3-4 points given by "bonus" extra questions. 

TEACHERS AND EXAM BOARD

LESSONS

LESSONS START

Second Term

Class schedule

The timetable for this course is available here: Portale EasyAcademy

EXAMS

EXAM DESCRIPTION

Written exam; no restrictions for exam resit, unless the student is found copying.

ASSESSMENT METHODS

Written exam with open questions (in form of essays) on the subjects of the course.

FURTHER INFORMATION

No restrictions in repeting the exam, in case of insufficient result, unless the student is found copying during the written exam.

Office hours will take place during the period of lectures and will be communicated on AulaWeb Forum before the beginning of the courses. Changes will be communicated on the Aulaweb Forum.